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India, US nearing industrial security pact for defence tech transfers ahead of Mike Pompeo visit

Updated : June 24, 2019 10:47 PM IST

Disputes over trade and protectionist moves have escalated between the two countries in recent months, but defence ties remain strong with Washington seeking to build Indian capabilities as a counterweight to China.
India has bought weapons worth more than $15 billion from the United States over the past decade as it seeks to replace its Russian-origin military and is in talks for helicopters, armed drones and a bigger Indian plan for local production of combat planes together worth billions of dollars.
Lockheed Martin and Boeing are both in the race for a deal estimated at over $15 billion to supply the Indian Air Force with 114 fighter planes to replace its ageing fleet of Mig 21 jets.
India, US nearing industrial security pact for defence tech transfers ahead of Mike Pompeo visit

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